Dewatripont, Mathias; Legros, Patrick; Matthews, Steven A - C.E.P.R. Discussion Papers - 2002
renegotiable contracts. Two essential restrictions on simple contracts are imposed: the entrepreneur must be given limited … liability, and the investor's earnings must not decrease in the realized profit of the firm. All message game contracts with … pure strategy equilibria (and no third parties) are considered. Within this class of contracts/equilibria, and regardless …